Air Pollution Trading on the European Carbon Market

Join our upcoming seminar with Dr Laure de Preux

The Economics and Policy subject group would like to invite you to their upcoming seminar by Dr Laure de Preux, Associate Professor at Imperial College Business School, presenting joint work with Professor Ulrich Wagner and Dr Dana Kassem.

Market-based climate policy decentralises abatement decisions via a carbon price, for example, by establishing a permit market for CO2 emissions. Since CO2 emissions are often released jointly with conventional air pollutants, CO2 permit trades give rise to implicit trades in various co-pollutants. Unlike CO2, these co-pollutants are not traded on a tonne-for-tonne basis, yet they have local environmental impacts. Depending on the spatial distribution of emitters and exposed populations, this can lead to undesirable outcomes. We develop an empirical framework to measure air-pollution trades and evaluate their economic consequences. We apply this framework to provide the first estimates of the welfare and distributional effects of co-pollutant trades on the European carbon market.

Speaker: Laure de Preux, Associate Professor, Imperial College Business School

Laure de Preux is an Associate Professor at Imperial College Business School in the Economics and Public Policy department. She is affiliated with the Centre for Health Economics & Policy Innovation and the Grantham Institute at Imperial College London. Additionally, she is a member of the World Health Organization (WHO) Advisory Group on Economics for Environment, Climate Change and Health.

Dr de Preux holds a PhD in Economics from the University of York. Her research focuses on health and environmental economics, particularly the socioeconomic and environmental determinants of health, climate-related policies and their impacts on individuals. She is passionate about addressing socioeconomic inequalities and promoting environmental justice through economic policies.

Previously, she worked as a Research Officer at the London School of Economics and joined Imperial College in 2013 under a British Academy Post-Doctoral Fellowship.

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